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Samson to lay off 100, including 70 in Tulsa

TULSA (AP) — A Tulsa-based energy company is laying off at least 100 workers, including 70 in its Tulsa operation.

Samson Resources Co. announced the layoffs on Wednesday. The job losses come about a year after the company was bought by private equity firm KKR & Co. for $7.2 billion.

Samson is primarily a natural gas drilling company and has been hurt by rock bottom natural gas prices of late. The Tulsa World reports (http://is.gd/sUfv08 ) that the company has been branching into oil and natural gas fluids but the transition is taking time.

Prior to the layoffs, Samson had 1,200 workers nationwide, including about 700 in Tulsa.

The newspaper also reported that CEO David Adams will retire at the end of the year. He took over leadership of the company after the buyout.